Sign in Register
Posted On: 25 November 2012 01:54 pm
Updated On: 12 November 2020 02:12 pm

Additional Service Charge Reductions at The Pearl Qatar

Discuss here!
Start a discussion
Doha, Qatar – November 25, 2012: Only a few months after United Development Company (UDC) slashed the Master Community Service Charges at The Pearl-Qatar by 33 percent, another reduction in the Common Property service charges was approved Tuesday for one of The Pearl-Qatar’s Viva Bahriya towers. At the Annual General Meeting of the Co-Owners Association of Viva Bahriyah 29, a Co- Owned Property in The Pearl-Qatar, owners approved the budget for the ensuing financial year that will essentially reduce common property service charges by 25 percent. The approved reduction rate applies to the 370 individual units that make up Viva Bahriya 29 and covers the lobby, lifts, swimming pool, amenities, security, cleaning and other services considered to be part of the common property. Administration of the common property falls under ‘The Pearl Owners Corporation’ (TPOC) management, appointed pursuant to the provisions of the Co-Owners Association’s Constitution regulating the management of the common property. TPOC, which serves as the appointed manager of the ‘Co-Owners Association’, has adopted an updated strategy concentrating on “Best Value for Money principle” and close monitoring of facility service rendered. This has also been reflected in the past financial year when a service charge surplus was achieved. According to the Co-Owners Association Constitution, any surplus is to be applied to the next financial year service charges. The surplus is reallocated to the next financial year, therefore bringing the total savings for 2013 in service charges by owners to 45 percent. Ebrahim Mubarak Al-Sulaiti, CEO of United Development Company, the Master Developer of The Pearl-Qatar, commended TPOC on their efforts. “This is in line with UDC’s vision for The Pearl-Qatar,” Al-Sulaiti said. “We are actively striving and supporting all service providers to decrease the cost of living in The Pearl-Qatar, without sacrificing quality and living standards.” According to him, the vision is to encourage owners to invest in a world class community that utilizes innovative management solutions aimed at obtaining luxury living at a competitive rate.